IBOX finally updated
Repeating changes here to record for posterity.
General Outlook - Defensive
Available cash already at highest levels to date and plan is to continue to build cash for deployment no earlier than end of year.
Current favorites in order (May 1):
1) REIC - 0.23 x 0.40 - (shell)4.6M OS - 1.0M float
The shell has been sold, the dividend has been paid. Price up nicely. Now we see if the new owners have a business plan with story. Plenty of potential upside remaining with favorable developments.
2) DNRR - 3.55 x 10.00 -(Shell) 1.0M OS - 70K float
Has had a nice run up, still waiting for a reverse merger though it does seem reasonably close. Upside more limited due to prior reverse split, but 70K float is nice.
3) KTWO - 0.065 x 0.07 (Shell) 4.9M OS - 2.4M float
One of the cheapest cleanest current shells. Still accumulating under 5 cents.
4) MOAT - 0.032 x 0.0375 (Oil) 17M OS - 13M float
A puzzler to me, has not participated in any oil speculation ramp. Probably because it actually reports rather than a pink sheet hyperrama. Will keep accumulating when discounted
5) ADCC - 0.08 x 0.11 (Shell) 2.8M OS - 1.4M float
Expect this to get E back soon. Recent 10KSB was chock full of holes. Still there were references to eliminating existing liabilities which may signal movement to a reverse merger.
If somethings hard to do, then its not worth doing - Homer Simpson
